LATAM POLITICS TODAY-Colombia will fight money laundering in the fight against drugs

Breaking news in Latin American politics today: Colombia to fight money laundering in the fight against drugs – police director

BOGOTA – Colombia will focus its fight against drugs on weakening the financial power of traffickers and will continue the forced eradication of coca crops, the country’s new national police director has said. The South American country, considered the world’s largest producer of cocaine, is under frequent pressure from its main ally, the United States, to reduce its cocaine production.

New leftist President Gustavo Petro has promised strategic changes in the fight against narcotics, saying the decades-long war on drugs has failed. Israel and Guatemala sign free trade deal, economy ministry says

Israel and Guatemala have signed a free trade agreement that will include industrial, food and agricultural products, Israel’s economy ministry said. The ministry said the deal will come into effect once it receives final ratification in Guatemala and Israel, whose trade reached $40 million in 2021, an 11% increase from 2020.

Israeli exports of goods such as rubber, plastics, chemicals and machinery account for 77% of this trade, with Guatemalan exports, mainly foodstuffs and products, accounting for about a quarter, the ministry said. Peru launches economic package amid fears of slowing growth

LIMA — Peru’s finance ministry has unveiled an economic plan it says can help revive the economy amid a global slowdown and falling copper prices, which are critical to the country’s economy. Finance Minister Kurt Burneo said the measures could boost gross domestic product growth by 0.6% this year and 0.8% in 2023.

The announcement comes just weeks after Peru’s finance ministry announced economic growth projections that beat analysts’ consensus. The ministry expects GDP growth of 3.3% this year, while analysts polled by Refinitiv expect 2.6%. Ecuador strikes preliminary oil and mining deals with indigenous groups

QUITO – Ecuador has reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mines Minister Xavier Vera said on Wednesday, a turning point in negotiations aimed at avoiding new street protests. President Guillermo Lasso, a former conservative banker, opened a 90-day dialogue in July to speed implementation of a deal, ending more than two weeks of indigenous protests against his economic and environmental agenda.

The protests have left at least eight people dead and badly affected the oil industry. Colombia approves extradition of brother of government-allied senator to US

BOGOTA — The Colombian government has approved the extradition of Alvaro Fredy Cordoba, the brother of a senator from President Gustavo Petro’s left-wing Pacto Historico party, to the United States to face drug trafficking charges. The decision to extradite Cordoba, whose sister is Senator Piedad Cordoba, follows Petro’s proposals to suspend extradition to the United States of drug traffickers who cooperate with law enforcement and give up trafficking altogether. drug. (Compiled by Steven Grattan Editing by Alistair Bell)

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